Funding arb · Price arb /

LDO

all LDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Paradex against Bybit−0.087%49s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.087% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LDOUSDT	0.4148	0.0100	pay 0.0100% / 8h	5h 47m	$16.0M	$9.4M	50x
Short	Paradex LDO-USD-PERP	0.4144	0.0100	get 0.0100% / 8h	5h 47m	$3K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee ParadexbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → 0.000%: −$8.73
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.73
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	1.21 bp	11.6 bp −$12	34.6 bp −$346	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LDO on 29 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTX	−0.0384%	1h	0.4125	−0.554%	$113K	$47K	50x	as long as short
Deribit LDO_USDC-PERPETUAL	−0.0232%	1h	0.4151	+0.072%	$7K	$10K	25x	as long as short
Backpack LDO_USDC_PERP	−0.0008%	1h	0.4150	+0.048%	$84K	$171K	10x	as long as short
dYdX LDO-USD	0.0000%	1h	0.4150	+0.048%	$80K	$2K	5x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4110	−0.916%	$4K	$10	12x	as long as short
BloFin LDO-USDT	+0.0096%	8h	0.4149	+0.024%	$880K	$266K	75x	as long as short
Lighter LDO	+0.0096%	1h	0.4157	+0.219%	$838K	$243K	10x	as long as short
Paradex LDO-USD-PERPshort	+0.0100%	8h	0.4144	−0.087%	$3K	—	20x
Hyperliquid LDO	+0.0100%	1h	0.4153	+0.111%	$11.4M	$2.8M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4152	+0.097%	$163K	$54K	10x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LDO	+0.0100%	1h	0.4147	−0.026%	$105K	$7K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4150	+0.051%	$17.5M	$30.6M	75x	as long as short
Bybit LDOUSDTlong	+0.0100%	8h	0.4148	long leg	$16.0M	$9.4M	50x
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4149	+0.024%	$4.0M	$5.9M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4149	+0.024%	$1.6M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4151	+0.072%	$6.3M	$5.0M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4151	+0.072%	$2.6M	$2.9M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4150	+0.048%	$3.2M	$2.5M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4148	0.000%	—	$10.0M	—	as long as short
Variational Omni LDO	+0.0100%	8h	0.4148	+0.011%	$198K	$51K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4159	+0.263%	$294K	$3.3M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4160	+0.289%	$31K	$632K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4148	+0.012%	$24K	$309K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4245	+2.338%	$2K	$1.1M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4148	+0.009%	$251K	$1.4M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4151	+0.062%	$37K	—	3x	as long as short
Reya LDORUSDPERP	+0.0349%	1h	0.4150	+0.049%	$289K	—	15x	as long as short
Kraken Futures PF_LDOUSD	+0.0364%	1h	0.4153	+0.111%	$1.0M	$742K	50x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0384% / S −0.0308%	1h	0.4151	+0.070%	$29K	—	100x	as long as short